bajaj finserv looks bullish

in daily, price broke out of congestion area with good volume,

also price broke out of horizontal resistance with good volume and BB is expanding .

sl - 4265, 1st tgt - 4630, once price goes to all time high , it ll be quite bullish

Zlecenie aktywne:

going good, till now 4564.5

Zlecenie aktywne:

going good, till now 4679.3

Zlecenie aktywne:

big move today, 1st target already achieved, and now it crossed the previous peak and closed at all time high, with high volume, one should hold it with trailing sl.

Zlecenie zamknięto ręcznie:

in weekly, shooting star is formed, also there is a probability of regular bearish divergence, so its better to close the position and book the profit. total gain 11.8%

Komentarz:

once a trend is established, it tends to continue the existing trend, unless there is a strong sign of reversal.

here uptrend is still on progress, candles are riding the upper BB and BB is expanding.